Bajaj Allianz Complaints & Reviews

My father has a Bajaj Allianz Capital Gain Unit Linked policy. He has paid 3 year premiums. The fund value is not incresing when the stock market has regained its mark and other ULIP are giving 10-15% returns, Bajaj Allainz Capital Gain policy is showing negative returns.

When we wanted to surrender, they are charging 44% of the fund value and after deduction the amount we will be getting is almost 8K less then the premium paid. So totally on loss.

Secondly other Insurance providers have 0-5% surrender charges after 3 years of the start of the policy and I read it some where that IRDA has issued an instruction for zero surrender charges after 4 years o[censored]LIP start date.

Then why is that Bajaj Allianz people are charging so high and against the law.

Dear sir
This is dravan jain
I was the employee of BAJAJ ALLIANZ LIFE INSURANCE CO as tasm balic le3 bhind mp my emp code was 02685,
duratiopn was 4th jan 10 to 22 sept 10.
after sending many mail time to time but head off didn't take any action.
why co is not giving me my remaining amount of salary as described in entire mail.
why co is not taking action against le3 bhind i have solid proof of it.


" CO MUGE TERMINATE KAR SAKTI HE PAR APKA SYSTEM HAMARE SENIORS KO
HATH BHI LAGANE ME DARTI HE.
HEAD OFF ACTION NAHI LE RAHA HE ISKA KYA MEAN HE KI ENTIRE BAJAJ ALLIANZ
LIFE INSU CO ME YAH SAB NORMALLY BASIS PAR HOTA RAHTA HE."




MENE KAMESH JI GOYAL SIR COUNTRY MANAGER AND CEO KO BHI
COMPLAINT AS MAIL KIYA PAR NO SOLUTION




DRAVAN JAIN
[protected]
please focus on these points.


1. RESPECTED KAMESH GOYAL JI SIR

COUNTRY HEAD AND CEO,

BAJAJ ALLIANZ LIFE INSURANCE CO.



Myself Dravan Jain Ex TASM blic bhind emp 02685

Good morning,

Sir in this mail I am talking about entire bajaj Allianz life insurance company.

First of all my personal problem plz focus these points

1. In the guidance of DM mr guru mukharjee sir and BM mr ln sharma sir company terminated me without giving any absconding letter issued from DM sir.

2. No letter letter were issued from division off by the hand of DM sir.

3. Three review letter were issued only from branch manager off, that is not major reason to block my hr4u and mail id and issuing termination letter.

4. I recieved F&Final sttel. sheet.

i'm very socked when i read it.

Rajiv Bhadoriya sir told me on phone that dravan, u'll receive salary till the termination letter is released from head off.when my hr4u is blocked from hr department on around 14-15 august 10 company gave me salary till I marked my attandence in hr4u . my termination of service from company has been done on 22nd sept 10.i would like to ask you who is responsible for remaining days salary.

After it I mailed on 19 aug 10 about it to entire bajaj allianz family , after it mr rajiv sir enquire this issue and he came to bhind on 21 aug 10 bhind off LE3 to solve this problem, he gave me a letter from Hr department (for the same concern, I enclosed with this mail ). In which he wrote to give reply in writing instantly. I wrote reply of four pages at the same time he told me company can terminate you and I assure you ,you’ll get salary till termination date.

I also complaint him in this period when my hr4u Is blocked MY BM sir is not giving me attendance register to sign that can represent my presence in off. Rajiv sir told me when investigation become complete he will give it to you.for the alternate solution I wrote complaint in customer complaint register many times.you can get scan copy from LE3 off. I went to LE3 off on daily basis.and when bm sir hr department assure me for wait, then I were started waiting for action.



SIR THIS IS MY RIGHT TO GIVE ME SALARY TILL 22 SEPT....AND AS PER COMPANY NORMS I'M MISGUIDED BY COMPANY SINCE 14-15 AUGUST 2010. I didn’t say anytime to HR department to block my hr4u and I’m sending complaint mail from starting. You can see the same in this entire mail.

One more thing when company is terminating me in this case company have to give me 2-3 months basic salary extra.



“sir agar muge 22 sept ko terminate hona tha to meri hr4u 14-15 aug 10 ko kyo band kar di gayi ho sakta he me us period me good result de sakta tha 14-15 ko company ke hand se hr4u block ki gayi thi jiski mene timly complaint ki costumer c-mplaint book me mene apni presence show ki he.mughe co time to time misguide karne ka kam kar rahi he mene bm sir dm sir se kaphi bar bat ki par system me co-operate karne ka kam hi nahi he ”



PLEASE FOCUS ON THIS ISSUE SERIOUSLY.



In attach document I wrote letter to mr rajiv bhadoriya sir on third page point no 7 that is fake marks sheet issue{READ CAREFULLY} . sir what is happening in bhind branch my respected branch manager sir is archiving target by making fake marks sheet. Please see

policy BM sir attested that fake marks sheet
proposal form was changed
my Clint’s original sign was fake
my sign were also fake
policy plan was changed instead of shield plus he took retirement advantage rp .
he made 5th pass lady to 8th pass lady In this matter why company is not taking strong action. My Clint can complaint to police about it or do a court case but because of me branch manager sir and balic company is still safe……..
I also complaint to DM MR GURU MUKHARJEE sir when he came to bhind he simply reply me “DRAVAN FREELOOK KARWA LENA” on that day I realized everyone know WHAT IS HAPPENING IN BHIND OFF.but nobody is taking action………









REQUEST



Please manage my remaining amount as per my mail i[censored] can.
Please manage detail of my f&f satt.
Take strong action against FAKE marks sheet issue, it can contaminate entire balic family, it can down the image repo etc of entire balic family…...
Everyone in balic family talk about sincereness, rules , system, management , company repo but you know behind all this some person u can say chain is breaking rules and regulations and hitting company in blind area where everyone know what is the future of this ……
Please manage my 16A form on my this email id.
Please manage the exact reason why my hr4u was blocked without any writing information.




Sir at the last I would like to say day by day bhind branch graph becoming decreasing and abusing undiciplineness lak of proper uniform is happening but after doing many complaints no solution. Sir you are honourable country manager only you can take such action..i’m waiting for your reply in next 48 hours.



it's really shameful......

plz do the needful action as early you can.....





Thanks & Regards,



Dravan jain

TASM LE3 BHIND

[protected],[protected]



Note: take action not only for me but also for the repo of balic family


























--- On Wed, 11/3/10, dravan jain <[protected]@yahoo.com> wrote:


From: dravan jain <[protected]@yahoo.com>
Subject: WHY COMPANY IS UNDERSTIMATING FAKE MARKSHEET ISSUE & MY REMAINING FUND.
To: kuntal.[protected]@bajajallianz.co.in, kamesh.[protected]@bajajallianz.co.in, s.[protected]@bajajallianz.co.in, jaydeep.[protected]@bajajallianz.co.in, mayurdhwaj.[protected]@bajajallianz.co.in, rajeev.[protected]@bajajallianz.co.in, gurusaday.[protected]@bajajallianz.co.in, laxminarayan.[protected]@bajajallianz.co.in
Cc: anoop.[protected]@bos.bajajallianz.co.in, "gurusaday mukharjee" <gurusaday.[protected]@bajajallianz.co.in>, "JITENDRA SINGH" <jitendra.[protected]@bajajallianz.co.in>, "jitendra singh" <Jitendra.[protected]@bajajallianz.co.in>, rahul.[protected]@bajajallianz.co.in
Date: Wednesday, November 3, 2010, 6:21 PM


kindly convey this message to HEAD OF SALES MR ANGISTON JI SIR (I'M VERY CONFUSED WITH NAME IF WRONG THEN SORRY) AND MR RAHUL BAJAJ JI SIR,
or send me mail id of them.



Dear sir
good evening


please read entire mail and last some attatchments to focus.
1. why company is not giving me salary till termination date when hr4u was blocked from end without giving me in writing.


2. why company is not giving me three months basic salary because of termination basis.


3. why company is understimating the company fault "making FAKE MARKSHEET "


Regards
Dravan Jain
[protected],[protected]

I have already paid the premium amount for the policy due on 03-Nov-2011 via online premium pay, an amount of Rs.20,000.00 since then I have not been able to login to their site so that I can get a print out of the premium myself. I even asked them to provide me a copy which they did of previous years pay certificate!
I have had problems before with Bajaj Allianz's online portal access but this is ridiculous, they provide insurance service but are extremely unprofessional in their dealings.
I really do not know how other customers cope with them.
My details for the payment are:
Recieved with thanks RS00020000.00 for [protected] and receipt no.isORN326542

Respected Sir,
My self Chirag Kumar N. Makadia . i am an engineer. i Have your Two wheeler policy OG[protected]-00012508. i had plicy since 2007 and i regulary renewed with your good amount of NCB benifits.
you have very good follow up for the policy renewal by SMS or mail. but your organisation having shortage of polite manpower. yhis is i am telling b'coz of very bad experience with me. i have no. of follwed for the policy renewal matter & teliphonic talk with your vadodara office representative. but each time they are posponding date and tell me that : Bajaj Allianz do not have much interest for the two whiller policy Bussiness. if this is Attitude towards customer then definately i will close my all Bajaj allianz policy.
due to such long corrospondance with your organisation my policy renewal date 11 octo-2010 is over . so pl justify that for this problem who is responsible?
if you have a still little beat responsibility towards customer? pl tell me the which last date for i get NCB benifits aftre expiry date? and i[censored] have interest for this type of policy business then send your representative for the collection of renewal primium.
my mail : Id : [protected]@yahoo.co.in & [protected]@gsfcltd.com


your sufferer Customor
Chirag makadia

Sub: Application for issuing directions to Bajaj Allianz for free look cancellation of policy no. [protected]

Respected Sir,


It is respectfully submitted that i applied the above said policy of bajaj allianz, policy came to my home and when i read the policy, the terms and conditions were not acceptable to me and I immediately applied for free look cancellation of this policy on company's customer care phone no. [protected]. and I submitted the documents to Mr. Rahul Pathania at company's branch office at Bathinda on[protected]. He assured me that full value of premium paid will be credited at my bank account and he also given me his mobile number for any problem. After a week when I contacted him he replied me that policy can not be cancelled and he returned the documents to me. Sir I contacted with customer care of company phone no. [protected] but no satisfactory response is given to me. kindly issue direction to Bajaj Allianz for free look cancellation of above said policy.


Deepak Setia
Kothi No. 213,
Urban Estate,
Phase-1
Bathinda-151001
Mobile- [protected]

Claim Number : OC[protected]-00004086
Policy : OG[protected]-00040366
Insured : MEGHANA DHALL
Vehicle No. :TNO7AA9848
Loss : 28 / 05 / 2010

My car,SIENNA (FIAT), met with a serious accident in May 2010,at GURGUON. The car is comprehensively insured with Bajaj Allianz General Insurance Company.The vehicle since then is in the custody of Dhingra Motors who are authorised TATA motors Repair Workshop.TATA Motors are responsible for repair support to FIAT vehicles since FIAT has ceased production in India.Dhingra Motors have assessed accident damage as Total Loss. Most of the critical repairs to make the accidented vehicle a runner vehicle, are not available with them.

The vehicle is insured for 2 lacs. The Company is offering me only 70 to 80 thousand as compensatin.The offer has been made telephonically. I have written several letters asking the company representative to compensate me upto 2 lacs ie. the insured amount. However the company is not responding at all.This is the third consecutive year that I have insured my vehicle with Bajaj Allianz Insurance Company and not made any Insurance claim as the the vehicle was not damaged. The company is not considering any regard for my previous association with them as a client either.
Five months have elapsed Yet a company of this stature has not felt the need of addressing the grievances of a client and compensating the loss.

Meghana Dhall

I am holding 2 policies with Bajaj Allianz, below are the details -
1. Bajaj Allianz Capital Unit Gain), Issued on 14/09/2007
2. Bajaj Allianz Capital Unit Gain), Issued on 20/02/2007

I paid premium of INR 30,000 for 1 policy since inception, Yesterday when i went to check the value of the policy ..I was told that i will get only INR 10,000.......
I fail to understand that, despite the fact that Indian stock markets have given phoenomenal returns in last 1-1.5 yrs, How has the value of my policy declined ...

I want a clear cut explaination about this from the company....

I must tell everyone , It is one of the worst Insurance companies, and dont buy any ULIP products from this company....

i want to enter ic portal. my ic code is [protected]. i have forgot my passwod. please tell me my new password on e mail id [protected]@gmail.com

My Policy No. [protected] in Bajaj Allianz Capital Gain Unit Sine One. What is the present status of this policy?

i have been getting repeated spam SMS messages for a offer
Though I had registered my number in NDNC I am getting junk sms from bajaj allianz Today regarding some offers. This is really annoying as there is no way I can unsubscribe. Please take some action as millions of our fellow citizens could have faced same problem, not knowing how to register a complaint.
so far i have recived about 500 SMS

the message comes from a mobile phone in chennai the number is [protected]

my number is [protected]

Subject: Re: issue No - 6045034 RE: Policy no. [protected] not clame pament

dear sir/medam i am not agree i want like no reply me and not agree due to other insurense company ADB PAY OUR BUT YR COMPANY NOT PAY ADB PAY ADB COMPANY(1) L.I.C (2)NATIONAL INSURENCE (INDICA P.A) (3) P.L.I(POST LIFE INSURENCE) BUT THIS COMPANY AND YR COMPANY CONTOLLR I R D A SO ALL COMPANY (ABOVE ) IT RONG ? DUE TO OUR PAY OF A.D.B? SO YR COMPANY WHY PROBLEM ADB PAY ?ALL COMPANY (ABOVE) ITS AGRE PAY ADB AND NO ANY OBJECTION AND YR COMPANY DRIWING FOLT BUT PLZ URGANT ME HELP NO AND PAY ADB IF NO SO I INFORM TO (IRDA( CHAIRMAN AND HELPIRDA OR HIGH COURT THANK KANU H RAM [protected] OR [protected]

On Sat, 31 Jul 2010 00:54 PDT Jabeen Shaikh/Head Office Pune/OTHERS/General wrote:

>Dear Sir,
>
>As we have already informed that The case was approved for death benefit only and in CRC on 23/11/2009 the case has been rejected due to rash and negligent driving of LA.
>
>We have tried to call you on [protected] however you are not responding.
>
>Thanks & Regards,
>
>Jabeen S.
>Bajaj Allianz.
>CUSTOMER FOCUS UNIT
>[protected]/37.
>
>Where there is a Sunrise, there is a Sunset too!
>
>-----Original Message-----
>From: kanu ram [mailto:[protected]@yahoo.com]
>Sent: Friday, July 30, 2010 11:51 PM
>To: Jabeen Shaikh/Head Office Pune/OTHERS/General; Customercare/CFU/Pune HO/Bajaj Allianz
>Subject: Policy no. [protected] not clame pament
>
>dear sir i not agree yr anser due to i recive pament all other life insu lic.reline and pli(post life insu) it our adb (accident death benifit ) pay our but my one qatesan yr company why not adb pay of my brother mr ram valabhai hirabhai plz anser me thanking u [protected] kanu h ram
>
>On Sat, 03 Jul 2010 00:21 PDT Jabeen Shaikh/Head Office Pune/OTHERS/General wrote:
>
>>Dear Sir,
>>
>>As per your complaint regarding policy holder has taken the rider of Accidental Death Benefit and nominee has not received payout for the same.
>>
>>The case was approved for death benefit only and in CRC on 23/11/2009 the case has been rejected due to rash and negligent driving of LA.
>>
>>Kindly find the scan copy of the CRC Rejection letter for the said case and we have already dispatched the hard copy of the same.
>>
>>Thanks & Regards,
>>
>>Jabeen S.
>>Bajaj Allianz.
>>CUSTOMER FOCUS UNIT
>>[protected]/37.

DEAR SIR ,

POLICY NO [protected] REENA SINHA
POLICY NO [protected] RAVI PRAKASH

WE ARE MAINTAING ABOVE TWO POLICY WITH YOU ( bajaj allianz life insurance Co.ltd) PLEASE ASK YOUR STAFF TO CONTACT ME ON PHONE[protected]. TO ADVISE IN DETAIL ABOUT TOP UP AND PREMIUM PAYMENT .

SO THAT MY POLICY SHOULD NOT LAPSE , INTHIS CONNECTION IHAVE SENT SMS ALSO TO [protected] BUT WITH NO RESPONSE

RAVI PRAKASH
p.[protected]@sbi.co.in

Kind Attn : Bajaj Allianz team,



IHSP Travel iTrack No 38582209 / PRAKASH PATIL / OG[protected]-00003415/ Claim for Others / Trip Cancellation & IHSP Travel iTrack No 38582185 / ASHA PATIL/OG[protected]-00003416/ Claim for Trip cancellation



This is with reference to the above subject, I am really upset with your non-systematic process, irresponsibility, poor response & pathetic service. I am waiting for my claim since past three months. We neither are getting any good & proper response from your side till the date. This is really ridiculous. I am following up with bajaj people on regular basis regarding my claim. They just keep on demanding for more & more documents, even though i have submitted all the necessary documents required for Bajaj Allianz from me.



Few points to be noted which is unacceptable as follows,



1)

Though I have clearly mentioned that all Pegasus Airline tickets are completely non-refundable which is marked by marker (Pink colour) as well, still you are asking for refund receipts. So again I request you to study the case in-detail. You can verify with the respective airline regarding non-refundable fees.



2)

Bajaj have asked the proof of visa cost not refunded by visa office. For your information all visa fees are non-refundable. They never ever refund any amount back once visa get stamped on passport & Visa is stamped on the passport which is been submitted. They don’t/won’t give any kind of receipt saying this amount is non-refundable. Bajaj can call up the respective embassy & verify the same.


3)

I had applied for UK visa as well. Here nowhere I seen the cost o[censored]K visa considered in below list . Why is it so...? Only because of the visa receipt has not been provided by me.As per my knowledge the UK visa is stamped on the passport & once visa is stamped on passport, fees are not refund ed. Visa fees are always non-refundable. Visa Office will not provide any such kind of receipt for the same. You can verify the amount with the respective embassy for U.K as well as for Shengen visa.



Kindly consider mine & my wife’s (both) case very seriously & genuinely. I request you to study the case again in-detail.



Waiting for your positive reply at the earliest.




Thanks & regards,

Dr. Prakash Patil/ Mrs. Pallavi Gadekar (daughter)

[protected] /[protected]

Respected Sir,
I shailesh Ratilal Patel, I am giving second time this compalin to you that, I am having policy of my new truck and that i have taken through bajaj allainz general insurance co. ltd. on the date of 04/12/2010 and my policy number is OG[protected]-00000259 and my truck number is GJ16-X-8747,on the date of 10/07/2010 accident occure of my truck, I put my truck at spport and informed in bajaj allainz general insurance co. and after this complain company surveyour came for spportsurvey and he informed me that now you can put your truck for reperation, i put my truck for reperation in Tata Showroom Ankleshwar, company surveyour done second time survey in showroom and he saws all demage part and he told me that what ever parts of insurance issue in policy that you can get. now final survey had been competed and bill is also ready and my truck is also ready then company told me that your policy is not match as per our crietria and now you will purchase new policy.If I am having already policy so why should i have to puchase new policy and paid extra premium amount?, company told me that when you purchase this policy then you will get claim amount,i thought company is doing fraud with me and misguided me.i did complain in bajaj customer care twise yesterday and the day before yesterday and my compain number is 7461737, 7483810 no one reply me.

So, its my request to you that kindly do the needful in this matter and revart me as soon as earlier.

warm regards
Shailesh Patel

Dear
as i have joined Bajaj Allianz Life Insurance Co Ltd as A.S.M on 4 th july 2009 in padrauna branch, but after joining i haven't got my salary for the month of july,august, September and after october i got only one month salary of october 2009, so due to this i have resigned from your organisation.
so kindly make my full n final settlement(including my salary of July,August & September 2009) as soon as possible because its too late that i have waited for and i have made many mails but reply is till awaited and due to all these my PF is also awaited.
hope all of you will cooperate me and help me to make my settlement as soon as possible

Manoj Kumar Singh
[protected]

Dear sir,
i am dennis daniel. sir i am holding bajaj allianz capital unit gain product,i am completing third year on 19/10/2010. i want to know the status of my product,and the units earned. kindly sent me a mail.


thankyou,
dennis daniel

I am a Gaz Officer in Ministry of Defence. I took a Life Insurance Protect policy of this Co., Policy No. 2770816 in Aug 2003 at Kanpur. Its bonus payments are scheduled to be issued after every 3 years i.e. first payment of Rs.10,000 (ten thousand) was due to be given in Aug 2006. But it was made in Oct 2007 and that too after visiting to their office for so many times leaving alone telephonic calls. Next payment of Rs. 15,000 (Fifteen thousand) approx. was scheduled in Aug 2009. But before that in Aug 2008 I got transferred to HQ, New Delhi. At that time I had to look after for accommodation at Delhi or Gurgaon (to be with my parents), which took few months to get a good one. Unfortunately I suffered with Arthritis and could not connect to this Co. to change my address from Kanpur to New Delhi. In March 2010 I went to Kanpur and went to their office at GT Road, Near Gumti Gurudwara and asked about the payments and requested to change my address. At that time they told me that one cheque was sent at your previous address (P-59/2, JCO, Raksha Vihar, Shyam Nagar, Kanpur). When I came back to Delhi, I went to CP office and applied for change of address on 9th Aug 2010 along with a Cancelled cheque. I gave these things to one Mr. Sanjeev. He assured me that the payment will be done within 15-20 days. Around 15 days back (mid of September) I enquired with him whom I had given the application along with the Cancelled cheque and he told me the payment of Rs.14,962/- has already been cleared from their office to my SBI A/c No. [protected] through Standard Chartered Bank Cheque No. 818986 dated[protected], which is not true. I can show my Pass Book that there is no entry of any such cheque about which they are claiming. I am in touch of Mr. Sanjeev almost after every 2-3 days and he expalins me that I have already written to My HQ thru email and as soon as I get any reply I shall convey that to you.
Sir I am worried that whether I will ever in receipt of this money or not. Kindly do the needful.

Thanking you.
Renu Ahuja

IC CODE: [protected], NAME: PRAVEEN LAHOTI

SINCE I WAS A IC OF Bajaj Allianz Life Insurance CO I SHOULD GET THE COMMISSION FOR THE PREMIUM PAID ON POLICIES MADE BY ME.. AS I HAVE DISCONTINUED THE SERVICE OF IC THEY ARE NOTSENDING ME THE COMMISSIONS FOR 4-5 YEARS.. PLEASE LOOK IN TO THE MATTER AND DO THE JUSTICE

Dear Sir,
I have Unit Gain Plus Gold Size One Policy of above number Which I purchased on 11th Feb 2008.
I Purchase it from Jankalayan Sahakari Bank, Ghatkoper (W) Branch. While Purchase the same your
agent in jankalayan bank told me after 3 years you can surrender the policy and take the mony as per
NAV when you surrender the policy.

Now I want to know, whether I can surrender My policy & what are the charges for the same.

Regards,
Arun Angne
Mob No.[protected]

I hold a two wheeler insurance OG[protected]-00035152.Its valid till 5-Aug-2010
I have been trying to renew the insurance through online on 6-jul-2010 and 22-jul-2010 the site errored out. I raised a request to contact me on Three occasions in the month of August and the call center person says some business guy will contact me and ended up in no one contacting me. Now when I make a grivence to bajaj allianz they are saying they cannot renew my insurance I will have to go to the branch for this.I work on a 9-6 job and I cannot go out on this time thats why I am trying to renew through online when there is no use of the online portal and the customer care I dont understand what kind of business bajaj allianz is trying to do.
If I take another insurance I might miss out on the NCB now.